It’s been revealed that in the financial space, things are starting to look a bit better. There are all kinds of optimistic predicitons about the prices of Bitcoin, crypto, and stocks as well. Check out the latest reports below.
New optimistic financial predicitons are out
A popular crypto analyst says that equities and crypto markets are set to rally in tandem on another upcoming leg up for risk-on assets.
The pseudonymous analyst known as TechDev, known for longer-term technical analysis, said not too long ago that Bitcoin (BTC) and the stock market are still in a bullish impulse that he thinks will continue in 2023.
“When equities run, Bitcoin runs.
And I expect the steepest equities leg of the last 40 years to run into 2023.
After that, potentially a big test for Bitcoin and crypto.
My opinion of course.”
TechDev also said that BTC’s technicals are hinting that after a rally into next year, a correction and then yet another bull run into 2025 is in the cards. This is not the only optimistic prediction that we’ve been seeing these days about the price of Bitcoin.
“In a vacuum, Bitcoin’s chart makes the argument for a run into 2023 + sideways 2023-2024 correction + run into 2025.”
The analyst continued and said this:
“But even the potential of a 2023 secular equities top will have me watching from the sidelines in 2024 to see just what degree of correction we’re in for.”
The analyst also had something to say about a Bitcoin bottom signal. He also addressed the RSI as you will see below.
The True Strength Index is a variation of the widely used Relative Strength Index (RSI) – this measures whether an asset is oversold or overbought.
“The NASDAQ’s first weekly True Strength cross after bouncing from its 200W EMA has marked some decent Bitcoin entries over the last 12 years.”